The Institute of Chartered Accountants in Australia, CPA Australia, the National Institute of Accountants and the Taxation Institute of Australia appreciate the opportunity to make this submission. We would like to comment on Regulation 7.1.29 in Corporations Amendment Regulations 2003 (No. 3) 2003 No. 85.
As previously advised to the Committee, we are particularly concerned that the sector of our membership which offers traditional accounting services should not be inadvertently caught up in the licensing regime. We also need to ensure that our other members who work in either Government or Industry & Commerce sectors are not unintentionally caught up in the licensing regime.